Bitsgap just dropped something new trading terminal that comes equipped with an updated interface, new order types and statistics.
This launch is geared towards traders and investors to meet their growing needs for risk management and new strategy formulation. Private investors worldwide, now granted full access, also gain to benefit from automated bots, arbitrage, signals, portfolio tracking and new updates like smart trade, TWAP strategy, sniper and shadow modes. Prior to the launch, these trading instruments were available only to institutional investors and hedge funds owning IT departments with immense financial and human intelligence resources.
The brand new trading terminal interface, much to investors’ and traders’ requirements owing to the volatile nature of their market, is user-friendly and intuitive. Time is money, and with this upgrade, decision-making and market analysis are bound to be undertaken faster than ever before.
Additionally, Bitsgap sections the trading terminal into two, with the right-side panel designed for decision-making, and hence allowing execution of orders and showcasing users’ available balance on a selected cryptocurrency exchange. The left- side panel contains relevant cryptocurrencies infographics.
With full access to 25+ cryptocurrency exchanges, traders and investors can now monitor crypto portfolios of all linked exchange accounts, given that multiple accounts are unified under one roof. Bitsgap now supports both futures and spot trading from an integrated interface. You can now start trading with leverage to speculate on rising or falling markets and apply hedging strategies if you have open positions to protect. Platform multifunctional interface provides users with necessary data to monitor futures and spot positions. Binance Futures and FTX are the new additions to the cryptocurrency exchanges.
Bitsgap counters the cryptocurrency market’s vast range of automated solutions, which includes sophisticated statistical algorithms. Instead, its automated bots follow grid trading, a straightforward strategy that has stood the test of time. The bot allocates limit orders within a set trading range with buy limit orders below the current market price and sell limit orders above the current market price. With every executed buy limit order, the bot places a new sell limit order above the executed price and vice versa.
Through grid strategy, traders and investors can allocate the desired investment sum proportionately distributed by the algorithm. Bitsgap bots are additionally programmed to buy a cryptocurrency at a lower price to sell it later at a higher price, all while trading in a pre-defined trading range. On a falling market, a cost average effect and a profit generated by the bot offsets the negative value change of a base currency.
Below is an example of a possible grid configuration for the bot to execute.
To add to the long list of features the new update comes with is the backtesting tool, which makes it possible for traders and investors to monitor the performance of their trade ideas to see what would be a potential return up until today or for a specific time period in the past. Using historical data, which takes into account price volatility, automated strategy settings and time period, backtesting provides an expected return.
With new derivative products and institutional investors’ entries, the cryptocurrency market is on a quick rise. To keep up with this evolving market, Bitsgap is focusing on developing instruments and automated algorithms that would help traders and investors across the board to boost returns and secure profits from the market’s pullbacks.
To test Bitsgap, apply for a 14-day trial period and trade in a PRO subscription plan. Trading in risk-free demo mode enables you to experiment with automated bots and try new orders like sniper, shadow, TWAP, and iceberg.
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.
Follow Us on Twitter Facebook Telegram
